#BitcoinHashRateSurge

while the hash rate hits all time high, BTC bulish momentum is slowing down and in case if the volume, price action and overall sentiment doesnt change and the price can’t pass 100+$ mark in comming week or two, bitcoin is going to test the lower levels, and since there was only a straight upward movement, the fall could look similar as the possible price range wich could go from 98k all the way to previous ATH levels.

Is it bad? No because this is what happens when assets grow rapidly from 15,500 to 108k. Imagine that smart buyers are up around 7x. And this is BTC the big daddy.

This is the nature of this whole crypto world, pump, dump, pump and so on…

Other coins have made 100x, while others are just not relevant in this cycle even the blue chips.

Very interesting and thrilling time to participate in markets. Hopefully this is all another calm before the storm!

HODL